Marlborough Stirling plc to techMARK - 9 April 2001
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The Exchange takes great pleasure in welcoming Marlborough Stirling plc to our market for innovative technology companies, techMARK.
Established in 1987, Marlborough Stirling is a leading provider of software and services to the mortgage, life and pensions and investment market sectors. The company now employs over 840 staff with offices in the UK, Ireland, Isle of Man, South Africa and Canada.
Marlborough Stirling's strategy is to become the leading provider of software and services to the lending, life and pensions and investment markets. It also intends to become a leading provider of similar solutions to related vertical market sectors such as fund management, unit trusts and personal loans. The company intends to achieve these objectives by developing and broadening its software and services offerings and by expanding the geographical markets in which it operates. The company has strategic partnerships with Microsoft, Compaq and Oracle.
Placing Statistics
Placing price - 140p
Market cap at placing price - 248.5m
Estimated net proceeds - 11.3m
For additional information, please contact:
Sponsor
UBS Warburg
Andrew Efiong / Gareth Healy
020 7567 8000
Media Enquiries
Citigate Dewe Rogerson
Toby Mountford / Alex Brown
020 7638 9571
Or visit
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www.marlborough-stirling.co.uk
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